Air Liquide plans $250 million plant to supply gas for chipmaker Micron


FILE PHOTO: The logo of Air Liquide is seen at the company's headquarters in Paris, France, April 24, 2020. REUTERS/Charles Platiau/ file photo

(Reuters) - Air Liquide will invest $250 million on a new industrial gas plant in Idaho to supply U.S. chipmaker Micron Technology with ultra-pure nitrogen and other gases.

Semiconductor companies have been boosting production capacity on expected growing demand for chips used in virtually all electronics.

"This investment will support the production of leading-edge memory chips, notably to meet the growing demand for computing capacities required by artificial intelligence," said Matthieu Giard, Air Liquide's CEO for the Americas.

Micron this year started mass production of its high-bandwidth memory (HBM) semiconductors for use in Nvidia's latest chip for artificial intelligence.

The planned Air Liquide plant is expected to be operational by the end of 2025, the company said, adding that the investment will create hundreds of direct and indirect jobs.

(Reporting by Olivier Sorgho and Gianluca Lo Nostro; Editing by David Goodman)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

World's first wooden satellite, developed in Japan, heads to space
This humanoid robot can now operate with full autonomy
Scientists use AI to help track penguins in Antarctica
Windows 10 users will soon have to pay to keep getting security updates
Musk and X are epicenter of US election misinformation, experts say
OpenAI in talks with California to become for-profit company, Bloomberg News reports
Meta to extend ban on new political ads after U.S. election
Crypto firms including Robinhood, Kraken launch global stablecoin network
Chipmaker NXP forecasts quarterly revenue below estimates on macroeconomic concerns
Exclusive-Silver Lake, Bain prepare to bid for multi-billion stake in Intel's Altera unit, sources say

Others Also Read